AGY 2.63% 3.9¢ argosy minerals limited

Ann: Additional Tenements Expand Strategic Landholding at Rincon, page-22

  1. 5,564 Posts.
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    Yes, it's about strategy, that's a redundant statement. An outlook of "I think it will be stagnant or worse for 2-3 years" doesn't require a day trader to act on! You're literally talking about multiple years, not intraday.

    No one can guarantee anything, but sure, I can see better options. Right now I have my money in safe places - precious metals, companies with consistent growth in recession-proof sectors etc. It's not generally like me to play it safe, but for the next six months or so I don't expect to be able to reliably watch the market closely and I see a risky outlook for the broader economic situation, so for the next six months (and likely longer, but I'll reevaluate in a few months) I'm in safe, reliable things which will not be multibaggers but will allow my money to appreciate.

    Heck, I'd rather just have money sitting in the bank for a year then reevaluate rather than have it sitting in something I thought would be stagnant or go down for the next 2-3 years. Why buy now if you don't expect it to appreciate in value for 2-3 years? It doesn't take a day trader to find time at some stage in the next couple of years to assess what they're doing.
 
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3.9¢
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